It's official: Post Office to stop delivering mail on Saturday

This was inevitable. as is the closing of hundreds of rural post offices. Even with a bailout by Congress, the USPS will need to drastically cut costs.
The Hill:
The service announced on Wednesday that it would discontinue mail delivery on Saturday but still continue to deliver packages six days per week, according to the Associated Press. Sen. Tom Coburn (R-Okla), hailed the decision, saying the plan is expected to save $2 billion, according to the CBS.
"It's a proper business decision and [in the] long run, good for the Postal Service and good for Americans," Coburn said.
The plan is likely to take effect in August.
The change illustrates the financial burden the service has struggled under, having reportedly cut 35 percent of its workforce in the last few years. The decision to retain package delivery, which has increased by 14 percent since 2010, could mark efforts to build on one of the service's bright spots, despite the decline in first-class mail.
The Postal...(Read Full Post)